Funding arb · Price arb /

MOVE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Gate against KuCoin+0.109%7-day average −0.029% · you sell dearer than you buy

Net, funding: paid 7d − costs−$924as in the Funding arb table

Net, price: spread back to 7d avg − costs−$929as in the Price arb table

costs, in and out, $10k−$9439.428% of the position

Long on KuCoin Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days+0.186%+$19 on $10k

Price spread, last 4 days (all we have)+0.007%+$1 · spread now +0.109%, 7d avg −0.029%

Together, before fees+0.193%+$19 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Gate is 0.138% dearer against KuCoin than usual: you sell high and buy low, +$14 on $10k if it goes back to its 7-day average of −0.029%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin MOVEUSDTM	0.009170	0.0100	pay 0.0050% / 4h	3h 30m	$1.1M	$19K	25x
Short	Gate MOVE_USDT	0.009180	0.0100	get 0.0100% / 8h	7h 30m	$405K	$242K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against KuCoin. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee KuCoinbpFee GatebpOrdersPrice spread, now +0.109%Rate

Funding earned: $0
Price spread: +0.109% → −0.029%: $13.83
Slippage, 4 orders: −$915.84
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$929.01
Costs to cover: 9.428%
Break-even: never at this rate

Slippage from KuCoin: live order book, 5 min ago; Gate: live order book, 65 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy KuCoin live order book, 5 min ago	16.26 bp	348.4 bp −$348	doesn't fit	doesn't fit	doesn't fit
Sell Gate live order book, 65 min ago	5.39 bp	69.6 bp −$70	doesn't fit	doesn't fit	doesn't fit

MOVE on 14 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective MOVE/USDC PERP	+0.0033%	1h	0.009310	+1.527%	$753	$100	12x	as long as short
Hyperliquid MOVE	+0.0100%	1h	0.009168	−0.022%	$227K	$196K	3x	as long as short
Bybit MOVEUSDT	+0.0100%	4h	0.009170	0.000%	$1.9M	$624K	25x	as long as short
OKX MOVE-USDT-SWAP	+0.0100%	4h	0.009183	+0.142%	$955K	$909K	20x	as long as short
Gate MOVE_USDTshort	+0.0100%	8h	0.009180	+0.109%	$405K	$242K	25x
KuCoin MOVEUSDTMlong	+0.0100%	4h	0.009170	long leg	$1.1M	$19K	25x
Bitget MOVEUSDT	+0.0100%	4h	0.009177	+0.076%	$838K	$375K	25x	as long as short
Variational Omni MOVE	+0.0100%	4h	0.009173	+0.038%	$7K	$2K	—	as long as short
BloFin MOVE-USDT	+0.0838%	4h	0.009171	+0.011%	$114K	$4K	75x	as long as short
BingX MOVE-USDT	+0.0848%	4h	0.009156	−0.153%	—	$6.5M	—	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC MOVE_USDT	+0.0896%	4h	0.009169	−0.011%	$3.7M	$215K	20x	as long as short
Binance MOVEUSDT	+0.0918%	4h	0.009169	−0.009%	$1.9M	$4.4M	25x	as long as short
Extended MOVE-USD	+0.0920%	1h	0.009166	−0.049%	$12K	$188K	5x	as long as short
Aster MOVEUSDT	+0.1238%	4h	0.009162	−0.082%	$11K	$10K	5x	as long as short